PEORIA - Caterpillar is launching a study to explore options for updating its world
headquarters

The study
will look at areas in downtown Peoria for a new innovative high technology
building.

The current
administrative building is now almost 50 years old and can no longer support
the needs of the global enterprise.

Caterpillar
says it's not looking to build the new headquarters outside of Peoria.

Director of Corporate Affairs, Jim Baumgartner says, "We're here in
Peoria and we're here for the long-term. I think that's great news for our
employees, for the community and for all the developing work that's going on in
downtown Peoria. It just enhances this as a more attractive place to
live."

Baumgartner says the study
should be completed before the end of the year.